Hong Kong SFC Issues Warning to Public of Suspicious Cryptocurrencies Investment Product Yieldnodes.com Masternode Pool Operated by Exceptional Media
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Hong Kong SFC Issues Warning to Public of Suspicious Cryptocurrencies Investment Product Yieldnodes.com Masternode Pool Operated by Exceptional Media Limited, Products Accessible via Website & Social Media Accounts, Problems of Withdrawals from Investment Product 1st March 2024 | Hong Kong
The Hong Kong Securities & Futures Commission (SFC) has issued a warning to the public of suspicious cryptocurrencies investment product Yieldnodes.com masternode pool operated by Exceptional Media Limited, with the products accessible via website & social media accounts and problems of withdrawals from investment product had been reported. Hong Kong SFC: “The Securities and Futures Commission (SFC) today warned the public of a suspicious investment product named “Yieldnodes.com masternode pool” (Product) and operated by Exceptional Media Limited, involving stake pooling arrangement associated with cryptocurrencies (Note 1). The Product has not been authorised by the SFC for offering to the Hong Kong public and is suspected to have breached the Securities and Futures Ordinance (SFO) (Notes 2 and 3).” See below for more info:
“ Hong Kong SFC Issues Warning to Public of Suspicious Cryptocurrencies Investment Product Yieldnodes.com Masternode Pool Operated by Exceptional Media Limited, Products Accessible via Website & Social Media Accounts, Problems of Withdrawals from Investment Product “
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Hong Kong SFC Issues Warning to Public of Suspicious Cryptocurrencies Investment Product Yieldnodes.com Masternode Pool Operated by Exceptional Media Limited, Products Accessible via Website & Social Media Accounts, Problems of Withdrawals from Investment Product
Hong Kong, Asia’s leading financial centre 28th February 2024 – The Securities and Futures Commission (SFC) today warned the public of a suspicious investment product named “Yieldnodes.com masternode pool” (Product) and operated by Exceptional Media Limited, involving stake pooling arrangement associated with cryptocurrencies (Note 1).
- The Product has not been authorised by the SFC for offering to the Hong Kong public and is suspected to have breached the Securities and Futures Ordinance (SFO) (Notes 2 and 3).
- The SFC notes that information regarding the Product is accessible to the Hong Kong public via its associated website (https://yieldnodes.com) and various social media accounts managed by its relevant administrators on Facebook (https://www.facebook.com/official.yieldnodes/), Discord (https://discord.gg/nHCT2xcE/), X (https://twitter.com/YieldnodesOffic/), LinkedIn (https://www.linkedin.com/company/yieldnodes-com/) and Instagram (https://www.instagram.com/yieldnodesofficial/). Problems with withdrawal from investments in the Product have been reported.
- The Product and its related information were posted on the SFC’s Suspicious Investment Products Alert List on 28 February 2024.
The SFC wishes to warn investors of “earnings” or “staking” arrangements relating to virtual assets. As these arrangements could amount to unauthorised collective investment schemes and may be highly risky, their investors have no or very limited protection under the SFO and may lose all their investments. Investors should stay vigilant when making investment decisions (Note 4).
The SFC will take all appropriate actions where there is any breach of the law.
Notes:
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